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Secured Financing Agreements (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Secured Financing Agreements
The table below summarizes our Secured Financing Agreements as of December 31, 2021:

Debt Obligation
Weighted AverageCollateral
Maximum Facility SizePrincipal BalanceCarrying ValueCoupon Rate
Remaining Maturity (1) (years)
Principal Balance
Master Repurchase Agreements
UBS Master Repurchase Facility$192,000 $167,928 $167,024 
L + 1.99%
2.0$225,868 
Citibank Master Repurchase Facility213,482161,825161,724
L + 1.92%
0.7222,129 
Asset Specific Financing
BMO Facility100,00011,116 10,879 
S + 1.96%
2.714,821 
Total/Weighted Average$505,482 $340,869 $339,627 1.4$462,818 
(1)The weighted average remaining maturity is determined using the current maturity date of the corresponding loans, assuming no borrower loan extension options have been exercised. Our UBS Master Repurchase Facility and Citibank Master Repurchase Facility mature on February 18, 2024 and November 6, 2022, respectively. Our BMO Facility matures at various dates based on the respective underlying loans held for investment.
Schedule of Maturities of Long-term Debt
As of December 31, 2021, our outstanding borrowings had the following remaining maturities:
Principal Payments on
Secured Financing Facilities
2022$161,825 
202350,483 
2024128,561 
2025— 
2026— 
$340,869